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Memecoins such as Dogecoin (DOGE), Shiba Inu (SHIB), Floki (FLOKI), and Pepe Coin (PEPE) made the best out of the crypto market rally yesterday. However, most of the assets are currently in correction. PEPE, on the other hand, continues to make gains, with a rally of 3.5% in the daily charts. Moreover, the token is up by 65% over the previous week. DOGE is the original memecoin, while PEPE is the newest memecoin in the block. The two have been tussling it out in the markets, but which will come out on top in 2023? Let’s find out… Dogecoin vs. Pepe According to crypto analyst Miles Deutscher, Pepe Coin (PEPE) will emerge victorious. Deutscher cited the “underwater thesis” to support his belief. According to this theory, a lesser number of Pepe Coin (PEPE) holders are currently sitting on losses compared to Dogecoin (DOGE). According to IntotheBlock, 35% of PEPE holders are currently underwater, while 49% are in profit. Meanwhile, for DOGE, 51.74% of holders are currently at a loss, whil...

Bitcoin touches $30,000 and is back on everyone’s radar. Find out what is driving the price forward on this week’s episode of Market Talks. In this week’s episode of Market Talks, Cointelegraph welcomes Mati Greenspan, founder and CEO of Quantum Economics. Greenspan is an experienced financial analyst and a certified consultant who enjoys engaging with his 50,000+ Twitter followers about the latest developments in the cryptocurrency sector. He finds his passion in understanding financial markets and sharing his knowledge with others to help them make better investment decisions. In today’s discussion, we first find out what Greenspan has been up to since we last had him on the channel — more than five years ago. We also get some insights into his company, Quantum Economics, what they do, their team, and what their vision is. Without wasting any time, Greenspan dives into some of this hot takes by claiming that we are already in the next “Bitcoin summer” and that prices are just going ...

BTC price could be in line for a dip of around $2,000 after days of straight upside, with Bitcoin buyers lying in wait. Bitcoin (BTC) lingered near $30,000 on June 22 as traders sought opportunities to “buy the dip.” BTC/USD 1-hour chart. Source: TradingView Bitcoin dip-buyers "ready" for $28,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD volatility calming overnight after rapid gains . BTC price performance had wowed the day prior, the largest cryptocurrency returning to the $30,000 mark for the first time since mid-April. Now, hopes were increasing over a modest correction next, enabling lucrative entry points for further long positions. #BTC Not shorting, waiting for an entry lower. pic.twitter.com/WgIibKQAs9 — Ed_NL (@Crypto_Ed_NL) June 22, 2023 “Bitcoin looking at this scenario,” Michaël van de Poppe, founder and CEO of trading firm Eight, told Twitter followers. “I think, $28.500 is a great spot for longing, the lower the better, but I think ...

Bitcoin dominance is rising, but so is Ethereum’s share of market dominance among its altcoin competitors. Cointelegraph explains why. Ethereum has been the dominant smart contract and decentralized application (Dapp) network since its inception. An analysis based on Ether’s price (ETH), and its market capitalization, shows indisputable evidence that the blockchain has been gaining market share over time.  Ether market capitalization dominance (%). Source: TradingView As shown above, Ether’s dominance in market capitalization terms grew over the past couple of years, from an 18% average in July 2021 to the current 20%. Excluding Bitcoin (BTC) from the Analysis , Ether’s market share presently stands at 40.6%, while the next competitor, BNB, holds a 7.2% share. This shows the disparity from the leading Dapp-focused network to the incumbents, which is also evident when analyzing the total value locked (TVL) on each network’s smart contracts. Ethereum is the absolute leader with $24.6...

Join Our Telegram channel to stay up to date on breaking news coverage Since the advent of cryptocurrencies and blockchain technology, there has been a paradigm shift in the world’s financial ecosystem. Without much ado, let me quickly share a little backstory about my sojourn into the crypto space so that you know where my advice is coming from. I have always had it in mind to invest, starting from the traditional markets, but my investment attempts fell short. While the crypto ecosystem is vast, I have learned to navigate and survive there since I started a crypto business. The moment Bitcoin hit the market, I started researching to gain more knowledge about the asset. I love game theory and statistics, which informed my decision to invest in Bitcoin. Through small plays and craftiness, I was able to increase my portfolio. However, I didn’t know some issues back then and couldn’t foresee the possible consequences, hurting my crypto business down the line. T...

NFTs have experienced a decline in their recent performance. Following the peak of their popularity in 2021, the prices and demand for prominent NFT collectibles have decreased. Nevertheless, notable players from various industries, such as Nike and EA Sports, have joined the trend and introduced their own NFT collections. In a recent development, Nike disclosed its partnership with the renowned gaming company Electronic Arts (EA) to introduce NFTs from .SWOOSH into the gaming domain. According to the latest report, Nike’s .SWOOSH is teaming up with Fortnite. Enter the world of Airphoria: A first-of-its-kind Air Max-themed Fortnite experience. Open now through 6/27. pic.twitter.com/4UjiG8ZUET — .SWOOSH (@dotSWOOSH) June 20, 2023 .SWOOSH – Fortnite collaboration to reward players “Airphoria,” a collaborative project involving Nike, Epic Games (the creator of Fortnite), and branded game builder Beyond Creative, has been launched and is now available to play within the Fortnite game until...

Eugene Wong, Cobo Global Original article here Hong Kong has made remarkable strides in establishing a legal and regulatory framework of virtual asset operations over the past year. In October 2022, the Hong Kong Government issued a policy statement setting out its support for virtual assets and commitment to fostering sustainable development of the industry in all aspects. On June 1st this year, the licensing regime for Virtual Asset Trading Platform (VATP) issued by the Hong Kong Securities and Futures Commission (SFC) came into effect, mandating VATPs to obtain a license to continue its operations in Hong Kong. Existing VATPs seeking a license must submit their applications to the SFC within 9 months, by February 29th, 2024. Failure to do so will require them to cease operation in Hong Kong by May 31st, 2024. As of today, several virtual asset exchanges have publicly expressed their intention to apply for the VATP license in Hong Kong. According to market sources, there are curre...

Binance crypto exchange has announced support for direct deposit and withdrawal of the USDC stablecoin via the Arbitrum network. Arbitrum USDC deposits and withdrawals  Following the integration of USD Coin (USDC) on the Arbitrum One network, on June 16, Binance, the world’s largest bitcoin (BTC) trading venue, has added support for direct USDC deposits and withdrawals via the Arbitrum network. However, it is important to note that Binance users can only initiate withdrawals for USD Coin (USDC) on the Arbitrum One network once there are sufficient deposits. Binance will not notify users separately regarding the opening of withdrawals.  Binance urges users to select the right chain when deposit ing/withdrawing USDC to avoid inconveniences.  You might also like: Arbitrum rallies to become top trending coin on CoinMarketCap Arbitrum functions as a secondary layer on the Ethereum blockchain. It aims to address the challenges of slow transaction speeds, limit...

Shannon Bray, a U.S. politician, has publically appreciated Shiba Inu’s (SHIB) price pump. SHIB is currently one of the best-performing cryptos in the weekly charts, with a 7.8% gain in the last seven days. The politician further asked his followers to post tweets related to the popular dog-themed crypto. Moreover, the politician took a shot at SHIB’s rival memecoin, Pepe (PEPE). Bray stated, “thank goodness we aren’t $pepe.” Bray is a Gubernatorial Candidate ’24 for the state of North Carolina. As per his Twitter bio, Bray is also a “Tech Entrepreneur, Cybersecurity, Anti-War Combat Veteran, Author, Speaker, Blockchain Advocate.” Ok #shibarmy, let's continue the lil pump from today. Tweet $shib and #SHIB all day! Build some excitement. After all, thank goodness we aren't $pepe. They'll never be on @RobinhoodApp .#Shibacals goes #3D. #ToTheMoon pic.twitter.com/N8XE2Jte3x — Shannon Bray 🪙 (@ShannonBrayNC) June 19, 2023 Moreover, this is not the first time Bray has publicall...

Kenya’s President William Ruto urged African countries to stop trading with the U.S. dollar for cross-border transactions. Ruto questioned the use of the dollar for global trade and asked African nations to pay with local currencies instead. The President stressed that Kenya has no reason to pay with the U.S. dollar for trade between African nations. The speech with lawmakers was met with applause at a time when 30 nations are looking to join the BRICS alliance. Also Read: Saudi Arabia To Challenge U.S. Dollar’s Supremacy by Funding BRICS Alliance The Kenyan President said that Africa must promote local currencies for payments among themselves during trade and not the USD. The aim is to strengthen local currencies and help African economies and businesses to sustain themselves in the long run. BRICS: Stop Trading With The U.S. Dollar For Global Transactions, Says Kenyan President Source: Pintrest Ruto confirmed that the African Export-Import Bank (Afrexim) is building a platform that w...

Jun 17, 2023 at 08:41 // Price Author Coin Idol The price of Shiba Inu (SHIB) has dropped significantly and is now at its lowest point on the chart. Shiba Inu price long term forecast: bearish The price of the cryptocurrency has fallen below its previous low, which was reached on December 28, 2022. The bearish momentum continued to the low of $0.00000551 as the bulls bought the dips. SHIB is currently trading at $0.00000674. The value of the cryptocurrency is currently between $0.00000500 and $0.00000700. SHIB will rise if the current support holds and bu...

Join Our Telegram channel to stay up to date on breaking news coverage BlackRock has recently submitted an application for a Bitcoin ETF, collaborating with Coinbase. The SEC’s history of rejecting spot Bitcoin ETFs contrasts with futures-based approvals. Experts view BlackRock’s move as positive amid regulatory scrutiny, reflecting public interest in cryptocurrencies. BlackRock Makes Major Move with Bitcoin ETF Application Amid Uncertain Regulatory Landscape BlackRock, the largest asset manager globally, has submitted an application to the United States Securities and Exchange Commission (SEC) for a spot Bitcoin exchange-traded fund (ETF). The anticipated filing follows a report from CoinDesk earlier in the day, indicating a near approaching submission. With $9.5 trillion in assets under management in Q1 2023, BlackRock has collaborated with Coinbase, the largest US cryptocurrency exchange, for the ETF. Coinbase Custody will serve as the custodian, while the exch...

Ethereum Dominates Q1 Revenue During Q1, Ethereum proved its dominance once again, emerging as the clear leader in revenue generation among Layer 1 blockchains. Driven by its widespread adoption and high gas fees, Ethereum recorded an impressive revenue of $457 million. This figure was nearly 2.8 times higher than the combined revenue of all other featured Layer 1 chains. advertisement Ethereum remained the leader in most key financial and ecosystem metrics including market cap, revenue, DeFi TVL and volume, NFT volume, and full-time developers. Ethereum scored a 22 in DeFi Diversity, followed by Polygon (19), Solana (18), and BNB Chain (16). Hedera (HBAR) Growth In Q1’23 While Ethereum dominated in terms of total revenue, the standout performer in Q1 was Hedera Hashgraph (HBAR). Hedera experienced an extraordinary revenue growth rate of 489% quarter-on-quarter (QoQ) . This significant increase can be attributed to the adoption and utilization of Hedera...